Retirement
Planner
Do you know what it will take
to create a secure retirement? Use this calculator to help
you create your retirement plan. View your retirement savings
balance and your withdrawals for each year until the end
of your retirement. Social security is calculated on a sliding
scale based on your income. Including a non-working spouse
in your plan increases your social security benefits up to,
but not over, the maximum.
Definitions
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|
Current
age
|
Your current age.
|
Age
of retirement
|
Age
you desire to retire.
|
Household
income
|
Your
total household income. If you are married, this should include
your spouse's income.
|
Current
retirement savings
|
Total
amount that you currently have saved toward your retirement.
Include all sources of retirement savings such as 401(k)s,
IRAs and Annuities.
|
Pre-retirement
rate of return
|
The
annual percent you expect to earn on your investments before
you retire.
|
Post-retirement
rate of return
|
The
annual percent you expect to earn on your investments after
you retire.
|
Percent
of income to save
|
The
percentage of your annual income you will save for your retirement
goals.
|
Expected
salary increase
|
Annual
percent increase you expect in your household income.
|
Years
until retirement
|
Number
of years before retirement.
|
Years
of retirement income
|
Total
number of years you expect to use your retirement income.
|
Percentage
income desired
|
The
percent of your household income will need to have in retirement
income.
|
Are
you married?
|
Check
this box if you are married. Married couples have a higher
maximum social security benefit than single wage earners.
|
Include
social security?
|
Check
this box if you wish to include social security benefits
in your retirement planning.
|
|
